Stories by Anan Zaki
News
Investors no longer feeling the Spark
The telecommunications company has lost $1 billion in market value as investors punished the company for its poor results.
Spark blames recession as profits tumble
Spark's half-year profit has fallen by more than three-quarters, with the company blaming the country's deep recession for its tough result.
Air NZ profit falls as passenger numbers slip, planes grounded
The number of passengers was down 3 percent to just over eight million.
Last big cut? Economists expect RBNZ to slow the pace of rate cuts
As the country's top monetary policy officials meet this week to review the Reserve Bank's benchmark interest rate, the decision appears to be a foregone conclusion.
Skellerup posts record result, prepares for possible US tariff hikes
The maker of the Red Band gumboots said the 12 percent profit improvement reflected a return to normal in the agriculture division, despite a drop in footwear sales.
Briscoe Group Q4 sales up on last year
The company continues to be the outlier in the beleaguered retail sector.
NZ software firm reaps rewards of AI investment
Lumin has hit a major milestone - 100 million users.
Synlait expects return to profitability after fight for survival
Dairy company Synlait is expecting a return to profitability after a long period of uncertainty which saw the company fighting for survival and rescued by its major shareholders.
Hopes for December quarter economic growth fading
If there was going to be any economic growth in 2025, it would be coming from "a weak base," BNZ senior economist Doug Steel says.
Prices slowly fall but economists warn of uncertain year
Annual inflation is likely to have ended 2024 close to the Reserve Bank's target, as domestic price pressures continue to ease slowly, but economists are warning about an uncertain year ahead.
Is it time to fix the mortgage long-term yet?
Households are set to make big calls about their mortgages this year, as they weigh up their options amid falling interest rates.
Pacific Edge cancer diagnosis firm shares plunge after US decision
Otago cancer diagnostics company Pacific Edge has lost key US Medicare coverage for its flagship test, and it's share price has fallen 63 percent in early trading. But it says it may appeal the US…
Users of hacked crypto firm get millions back
Cryptopia account holders have received $400 million worth of cryptocurrency from liquidators, more than four years after the firm was hacked and put in liquidation.
Economic slowdown expected in GDP figures
An economist says regardless of the September quarter results, recent evidence suggests the economy is past the worst.
Spark to sell remaining mobile tower stake to Canadian company
The sale is set to be completed in the third quarter of Spark's 2025 financial year.
Are the big Aussie banks ready for more govt scrutiny?
The country's big Australian-owned banks appear to be ready for further government scrutiny into competition in the banking sector.
Foodstuffs co-ops to appeal decision to block merger
The North and South Island co-ops have more than 500 stores and voted to merge operations into one national co-op.
ComCom to file criminal charges against One NZ
The commission believes the advertising campaign for the SpaceX service may have breached the Fair Trading Act.
Why NZ should worry, regardless of who wins the US election
The policies of both Donald Trump and Kamala Harris could have far-reaching consequences for a small, trade-dependent nation. Audio
Lower risk of another house price boom
RBNZ has released a housing update ahead of next week's financial stability report.
Super-sized OCR cut increasingly likely - economists
All the major banks - ANZ, ASB, BNZ, Kiwibank and Westpac - are picking a 50 basis point cut on Wednesday.
Du Val Group owes nearly $240 million to creditors and investors
The Auckland property developer and investor group was placed into statutory management last month.
'Not acceptable' - The Warehouse reports large loss
The retailer says the $54m loss reflects one its toughest years ever. Audio